Sacks: Startups should use US Treasury money market funds over bond ladders
David Sacks · E120: Banking crisis and the great VC reset · Mar 17, 2023 · at 52:41
David Sacks advises startup founders on treasury management following the Silicon Valley Bank collapse in March 2023.
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“Whenever they try to, let me just say when starts trying to create laddered bond portfolios, They end up needing the money sooner than they thought. What I'd much rather see a startup do is buy a hundred percent UST bill backed money market fund run by the absolute biggest of the big Financial institutions, because you can get in and out of it at any time you want and without paying a fee. And that's so much better than trying to manage your own bond portfolio. Let a professional fund manager do it.”
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